General Electric has selected Aver Informatics of Green Bay as one of 13 companies to join a three-year program launched to accelerate growth for consumer health companies.
GE made the announcement of the Entrepreneurship Program on Thursday during StartUp Health’s Healthcare Transformer Summit. The initiative is part of a broader partnership between StartUp Health and GE’s healthymagination initiative, a $6 billion global commitment to provide better health for more people by improving the quality, access and affordability of care.
More than 400 companies from 22 countries applied to take part. Those selected represent a wide variety of innovators in the health care industry, including companies focused on aging, health sensors, patient engagement, mobile health, care coordination, big data, analytics and diagnostics.
Aver Informatics was founded in 2010, and is working to change the way health care providers use the vast amounts of collected data to be more accessible and so organizations can more easily analyze and take actions that lower health care costs and improve care.
“GE is looking for ideas and partners that can advance industries and improve lives. We believe these thirteen companies have the potential to make quality healthcare more accessible and affordable,” Rafael Torres, senior managing director, GE healthymagination fund, said. “We are excited to work closely with them over the next three years to help them grow.”
Aver Informatics was founded by Kurt Brenkus, who also serves as the company’s CEO. Before founding Aver Informatics, he directed both global and domestic operations for United Health Group.